Morning journal and courier. [volume] (New Haven [Conn.]) 1848-1894, 1887-08-27
CONSNLInATEn LIN rs.

Enc state street and whitney Avenue
Horse Railroad Lines Consolidated
The Whitney Avenue Road Leased
Tor Ninety-Nine Years by tho State
Street Line-The Terms of the Lease
"A Look at tho Future.
A consolidation of much interest to the
large number of people living in the north
ern part of New Haven and to the public in
general has just been practically consummat-
ed The State street horse railroad company
has just effected lease of the Whitney ave-
nue. horse railroad for the period of ninety
nine years. Several private meetings of the
directors OF each of the roads have been held
of late, resulting in the acceptance by the
Whitney avenue horse railroad company OF
the bid of the State street company. The
necessary papers will be at once made out.
The lease is an important one to the INTEREST
involved. Ex-Road Commissioner William
J. Atwater was seen last evening and said
he had Just returned from bis White Noun
tain trip and had not attended the latest
meetings of the directors of the State street
road, but that the terms upon which Presi-
dent Warren and the other officers and di-
rectors of the State street road had effected
the lease were as follows: The State street
road assumes the bonded Indebtedness of the
Whitneyville road, which amounts to s., 800,
and binds itself to pay the interest thereon
and the principal when it becomes due. 1t
also guarantees the stockholders of the Whit
NEVILLE road four per cent. per annuLn In
dividends after fifteen years from the date of
the lease. The State street road takes charge
of the leased road October 1, 1887. AS to
whether any changes of note would be
made in the running of the Whitneyville
road, that, Mr.. Atwater said, was matter
to be arranged in the future.
From other sources it was gathered that
there were several other bids put in for leas-
ing the Whitneyville road, one by William
L. Everit of Trumbull street, who for several
years leased and ran the road; one from Mr..
James Davis, who has leased and run the
road for the last ten years: and one from an
other source, which our informants did not
state exactly. Mr.. Davis bid was larger
than either of the two former bids, each of
which was for FIVE years lease. Mr.. Davis
retires from the management of the road
with good record for efficient and thorough
work. The officers and directors of the State
street horse railroad company, most of whom
have had the matter under consideration for
two weeks past, are: President, Charles A.
Warren; secretary and treasurer, J. E. EN-
cry; directors, Charles A Warren, s. X.
Blatchley, J. E. Emery, w. j. Atwater,
David Corey, T. Beers Townsend, P. McKen-
ma. The last named was recently elected
director, vice the late Charles G. Blatchley.
Among the directors and prominent stock
holders of the Whitney avenue road
are Richard M. Everit, Massena' Clark,
Hon. George q. Watrous, Mr.. Farnam, Jas.
Davis and others. The Whitney avenue road
has never yet paid dividend, but the earn
ings of the road will probably increase ma
terially ere long as the section through
which it passes is being improved faster
than at any period since the road was built;
and the future of the road is encouraging
owing to its being one of the main lines of
communication with East Rock Park. It
was also gathered last evening that the State
street road directors have in view the build
ing at some future time, perhaps five or ten
years from now, line along the base of
East Rock, Indian Head and Snake Rock to
connect State street and Whitney avenue
railroads and make "belt line" of them
very convenient as means of access to the
park at different points.